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Friday, September 13, 2013

Like I Said: It Ain’t Over Till it’s Over

As silver was nearing recent heights amidst
a rather robust awakening from a crushing low at $18.18 per ounce in mid-July, just
one
month ago, I said that the long-term bear market in the monetary metals is
not over - until it is over. I am still
waiting for such confirmation.

The
move down from the recent high of 25.12 has retraced just over 50% of the most
recent advance. Pretty steep for a 4th
wave decline but still in the ballpark.

Fret
not bulls, so long as the market remains above 20.06 then soon goes on to print
a fresh high above that of 25.12, the case for a major bottom in July remains quite
plausible.

Though
steep, the move down from 25.12 is corrective thus far. Given the duration and sideways nature of the
plausible 2-wave down to 19.10, and despite its depth, the current decline vs.
the brief pause from 23.60 to 22.45, appears more fitting for an answering and
alternating in form, 4th wave.
Time will tell. For now however,
the long-term trend remains down, the near-term trend remains up, and the
short-term trend - down.

Meanwhile,
back at the golden ranch (referring to the Chart-Cast Pilot portfolio),
current open trade profits for active members shadowing our short-term trading guidance
are well north of $6500.00 per contract held.
Such profits will buy you over nine years of monthly service. Ya think there’s some value there? Do the math.

Members
replicating our medium-term portfolio in the gold space are sporting open
profits in excess of 20%, while long-term metals investors continue to hedge
short with open profits in excess of 17.5%.Can you say WINNING consistently across the board?

Below
are the Chart-Cast
Pilots respective multi-year equity curves for each timeframe.Looks to me like trade profits in each
timeframe display a proven history of delivering absolute returns regardless of
market cycles and direction.What say
you?

Do
you think that shadowing such strategies would pay off more profitably than going
all-in from rather valid emotional BUY NOW pitches claiming that gold has
bottomed and is going to 10,000 per ounce any day now? Just sayin’...

To
each his own, but I would recommend considering the weight and assurance of a
clearly proven track record alongside a fully accounted for trade history, replete
with timeframe specific guidance over that of the basic fundamental rally cry
to simply jump on board and go all-in without regard for any immediate downside
risk.

Despite
the longer-term cyclical bearish trends currently in force, I remain bullish
both Silver and Gold from an even longer-term secular perspective.

In
closing, no matter what unfolds, when or how, we should all realize there is an
abundance of shocks waiting in destiny’s queue that will affect everyone’s
immediate and longer-term future.As
such, if you have yet to do so, there is no time like the present to take
essential precautions.

Ten things you can do
right now to buffer inevitable shocks of all shapes and sizes:

For
the average long-term investor self-directing exposure to the S&P 500,
Gold, and Silver, the Guardian Revere
Trend Monitor is an excellent long-term market timing and alert-service
with an outstanding record of accomplishment in keeping its members on the
right side of long-term trends.

For
active traders and investors, the Chart Cast Pilot
takes it up several notches in sharing its programmed trades across all three
time-frames in the major indices and among a basket of the most widely held
stocks.

It is time to move toward that which best assures safe
and profitable passage.

If you are not sure what kind of trader/investor you
are, click
here to find out which of our electronic trading-alert services might suit
you best.